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Managing the Risk and Return of your RESP: A Lifecycle Approach
When saving for retirement, most investors choose to be more heavily weighted in higher-risk investments like equities in the early years and shift to lower risk, mostly fixed income, investments as their retirement date approaches.

Did you know that the same basic investment strategy can work well for your child's RESP?


The advantage of this approach is you get higher growth potential up front to help the RESP keep pace with the rising cost of education.

Of course, just like when saving for retirement, you'll want to change to a conservative asset mix a few years before the money is needed to reduce volatility and the potential for erosion of capital.

Example asset allocation lifecycle for an RESP 

  • Shortly after your child is born, consider an aggressive RESP portfolio mix of 70% to 90% equites, with the rest in bonds.
  • When your child is 13, start replacing the equities with bonds.
  • When a child is about 18, a risk-averse strategy would be to sell the remaining equities and shift all the funds into stable fixed-income assets.
  • A parent who continues to have an appetite for risk could keep a small portion in equities to take advantage of the potential for growth.
Get Started

Your first step is to incorporate your child's age into your decision making. This will allow you to determine where you're at in your RESP's asset allocation lyfecycle. If you have any questions, send us an email and we would be pleased to help.

Additional Information

Benefits of an RESP

  • Up to $7,200 in Government Grants
  • Tax-Sheltered Growth
  • Flexible Investment Options
  • Tax Savings

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